A fund managed by US-based financial services major ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/fidelity” target=”_blank”>Fidelity has marked up the valuation of omnichannel eyewear retailer ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/tech/lenskart”>Lenskart to $6.1 billion. This is a 21% increase of the company’s fair value in its books compared to the $5 billion valuation at which it acquired the shares.
According to a monthly portfolio holdings update published by Fidelity, the latest valuation for Lenskart is as of April 30.
Crossover funds such as Fidelity, which invest in both publicly traded and privately held companies, periodically review the valuation of their…
